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Coinbase lays off over 1,000 employees, CEO expects long crypto winter

Coinbase CEO and co-founder Brian Armstrong has just announced that the company is laying off 18 percent of its staff, equating to about 1,100 employees. This news. ....

United States , Brian Armstrong ,

MSNBC Morning Joe June 4, 2024 13:41:00

People full time. so you re talking about roughly 1100 jobs that are going to be cut at coinbase. and in the statement, ceo brian armstrong said that he expects that we could be going into a recession. so, if you couple that conversation, joe and mickey and willie, with the chatter that we ve heard in the last couple of weeks from jp morgan chase ceo jamie dimon who said we re headed for a economic hurricane, and elon musk saying that he has a super bad feeling about the economy. the rhetoric is now ramping up for this recessionary tale and that is what got people spooked out there. and that crypto sell-off is deepening this morning. it was bad this yesterday and it is getting worse today. joe and i have been talking about crypto this morning and for a long time and just not as hard as we ve tried and as many experts as we ve talked to, not seeing what it is grounded in and rooted in over time. are we seeing that come to fruition, it was a big speculative tool for people that had mon ....

Brian Armstrong , Willie Geist , Joe Cunningham , Jamie Dimon , Elon Musk , Jp Morgan Chase , You Haven T Given Money ,

Coinbase is laying off 1,100 employees amid turmoil in crypto market

Coinbase said that it is laying off around 18 per cent of its workforce as Bitcoin continues to fall. In a new blog post, CEO Brian Armstrong said that the company "over hired" in 2021.  ....

Elon Musk , Brian Armstrong , Exchange Commission , Told Whatsapp , Coinbase Layoffs , Oinbase Laying Off , Coinbase News , Coinbase Employees , Coinbase Ceo ,

Crypto Bourse Binance Says It's Hiring for 2,000 Roles Amid Market Dip

Binance's plans put it on an upward trajectory compared to its competitors, many of whom have been downsizing in recent weeks. ....

Changpeng Zhao , Rypto Com , Weilun Soon ,